The Impact of Demographic Changes on Macroeconomic and Public Finance

  • Oguro Kazumasa


The greatest threat to Japan’s economy stems from population decline and the resulting fiscal consolidation. (Fiscal consolidation is a policy aimed at reducing government deficits and debt accumulation.) The fear of a worst-case scenario of a collapse in government bonds is real unless domestic labor productivity is raised and fiscal and social security reforms are addressed.


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Copyright information

© Rebuild Japan Initiative Foundation 2018

Authors and Affiliations

  • Oguro Kazumasa
    • 1
  1. 1.Faculty of EconomicsHosei UniversityTokyoJapan

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